BACK

Research and Statistics

Graphs: Nearly 3 in 4 feel need for more credit card regulation

Summary

Annual CreditCards.com Taking Charge survey gauges attitudes about credit cards and lending.

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

Taking ChargeThe second annual “Taking Charge” survey was conducted for CreditCards.com June 4-26, 2008, by GfK Roper Public Affairs. The random telephone poll surveyed 1,001 Americans 18 and over. Respondents were read statements about credit cards and asked their opinions. Here are the statements and results:

The government should regulate the credit card industry more closely.It is essential to have a credit card today.
The government should regulate the credit card industry more closelyIt is essential to have a credit card today

 

On the whole, credit cards
provide a valuable service.
There’s always a “catch” that makes a credit card less attractive than the company makes it sound.
On the whole, credit cards provide a valuable serviceThere's always a "catch" that makes a credit card less attractive than the company makes it sound

 

No one really reads the terms and conditions when they sign up for a credit card.I don’t trust credit card companies.
No one really reads the terms and conditions when they sign up for a credit cardI don't trust credit card companies

 

I have been disappointed by a credit card that turned out not to be as good as I had expected.
I have been disappointed by a credit card that turned out not to be as good as I had expectedPoll methodology
The 2008 “Taking Charge” survey was conducted June 4-26, 2008, by GfK Roper Public Affairs on behalf of CreditCards.com, via random digit dialing phone interviews with 1,001 interview subjects.

The total margin of error on weighted data for the full sample is plus or minus 3 percentage points at the 95 percent confidence level. Because of rounding, numbers may not add up to 100 percent.

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

What’s up next?

In Research and Statistics

Fed’s G.19 report shows card debt rose sharply in June

Credit card activity continued to surge in June, according to new figures released by federal banking regulators. Analysts say consumers are relying on credit cards for increasingly costly expenses as other lines of credit remain unavailable.

See more stories
Credit Card Rate Report Updated: April 1st, 2020
Business
14.07%
Airline
15.85%
Cash Back
16.16%
Reward
16.06%
Student
15.87%

Questions or comments?

Contact us

Editorial corrections policies

Learn more

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company’s business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.